Aspen and Ryan Specialty be part of forces
Aspen Insurance Holdings has entered into an agreement with Ryan Specialty Group to support a diverse international portfolio of delegated underwriting authorities.
Aspen Insurance has joined an additional seven programs from Ryan Specialty Underwriting Managers’ MGU portfolio to form an agreement in which the specialty insurer will provide capacity across multiple platforms and geographies, with three programs in the United States and four programs in Europe .
“This expanded commercial partnership demonstrates Aspen’s comprehensive capabilities combining insurance, reinsurance and capital markets to deliver an innovative risk transfer solution,” said Mark Cloutier, Aspen Executive Chairman and Group CEO. “We are grateful to the Ryan Specialty team for their trust and confidence in bringing this creative solution to market, as we continue to build on our strong commercial relationship. We believe this agreement is a blueprint for the creative deployment of capital and exemplifies our goal of “bringing clarity out of complexity.”
“We value Aspen’s innovation in bringing coordinated insurance capital to support our $2 billion international underwriting manager business and goals,” said Miles Wuller, President and CEO of RSG Underwriting Managers. “We now benefit from their syndicated support across nine of our MGUs. We thank the Aspen team for believing in our delegated underwriting responsibilities.”